The 9th Circuit Court of Appeals on will decide whether the FBI overstepped its authority when in March of 2021 it seized the contents of 1,400 safety deposit boxes from U.S. Private Vaults in Beverly Hills, which was accused of money laundering.
The owners of most of the safety deposit boxes were not charged with any crimes. The appeals court heard from both sides in a hearing on Thursday. FBI agents searching safety deposit boxes at the U.S. Private Vaults store in Beverly Hills. This video capture is from the court documents. / U.S. District Court FBI agents on March 22, 2021 took about $86 million in cash from the boxes, as well as jewelry, gold bars and coins, silver, and other valuables. In May of 2021, the FBI “commenced administrative forfeiture proceedings” against an unspecified number of the boxes, according to court […]
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